Who’s Getting a Raise?

September 29, 2009

“Not me,” you say. Well, guess who is? It might surprise you to learn the folks who head non-profits didn’t feel the economic pinch quite as much as the rest of us.  Go figure. Even non-profits gave their CEO’s a raise. The Chronicle of Philanthropy reports the median compensation for chief executives at the country’s biggest non-profit organizations rose 7% to $361,538 in 2008. All at a time when charitable giving has declined for the first time in more than 20 years.

Here are some of the more striking numbers: $2.1 million for the director of the Museum of Modern Art in New York; $2.7 million for the head of a health care group in Boston; $1.3 million for the president of New York University.   The survey found that many nonprofit CEOs earned half a million dollars or more last year.

Click here to read more on CNNMoney.com or listen to a report from NPR.